first real video and review that starts out very good . BUT !, page-28

Innovative
Make changes in something established, especially by introducing new methods, ideas, or products.

Very quick rundown for you.

IOT first listed 18 months ago and first sold chinese watches via Coles - We were told all were selling out repeatedly, yet the watches were sitting for sale at my local Coles and discounted heavily on the box. Also palmed the product off as their own until someone found the same watch, so selling a chinese ripoff watch. This part of the business is now closed.

IOT then designed a selfie drone called a Roam-e ($15m + spend later and not one has ever been sold, even though they spruiked that they had a possible 400,000 presales based on retailer response)
I assume this is now closed down, gone very quite on it for the past 3-4 months.

IOT also had OTT, intervision, never made money albeit was major reason for listing in first place (go figure) along with the watches, now Closed down.

IOT then became a reseller of an AEE produced selfie drone, changed the name of the drone to Rova, so not so innovative IMO.



History repeats itself, first time as tragedy, second as farce.
Karl Marx


The first business plan (prospectus) has seen failure 1, 2 and 3 with $20m lost and not a lot to show for it.
The new plan seems to be to resell products that may be sold mass market, albeit for some reason do it as slowly as one can, and only one product?

Sidenote: May want to check the income out for the directors and the lone salesman too.

The most recent thing IOT decided to do was to go and purchase 40,000 selfie drones with shareholder cash, with (0) presales.


That being said, the IOT salesman said he was all warm and fuzzy after being in Las Vegas presenting their drone, sorry I mean AEE's drone, to distributors, the response was really good apparently.

So good in fact, IOT's next move was to open an Amazon account and told all the retailers they were selling via Amazon exclusively for 3 months.

Just recently they have opened an Ebay account too.
Kogan and Trading post and Gumtree coming soon maybe?

Going by our own guesstimates only, anywhere from 10 to say 30 Rovas have been sold (I think it's been about 7 weeks on Amazon)?

So in 2,666 months or 222 years they should all be sold.
March quarterly is due not later than friday this week, should give you a better guide on sales volume.